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Real estate is one of the areas that attracts great interest from investors in Việt Nam. However, investment in this sector is currently restricted by quite a few regulations.
Any court proceedings that happen in Vietnam require the use of Vietnamese in written and verbal communication. Foreign applications of law and languages are only allowed in arbitration cases.
From March 20 2015, employees who suffer from workplace accidents or occupational illness shall be compensated by their employer or receive allowances corresponding to provisions of law.
In order to enjoy tax incentives, entities importing goods from an ASEAN Member State must comply with the Rules of Origin under the ASEAN Trade in Goods Agreement (hereinafter referred to as the “ATIGA”).
VietNamNet Bridge - On January 12, 2015, the Government promulgated Decree No. 05/2015/ND-CP detailing the order of labour discipline, which shall come into effect on March 1, 2015.
VietNamNet Bridge - Enterprises that want to invest in Vietnam need information about which projects must be approved by the Prime Minister and which investment certificates must be issued by competent authorities.
VietNamNet Bridge - Enterprises with foreign invested capital wishing to conduct the purchase and sale of goods and other activities directly related to the purchase and sale of goods need to comply with the following regulations:
VietNamNet Bridge - Decision rights on the number of legal representatives, quantity and content of corporate seals, changes in business registration procedures, etc., are several highlights prescribed in the Law on Enterprises 2014.
VietNamNet Bridge - Control Board is an important department in an enterprise that is in charge of activity inspection and supervision. Setting up a Control Board, in some circumstances, is compulsory yet often overlooked by enterprises.
While implementing investment project adjustment, it is essential for investors to determine when they need to carry out registration procedures for adjustment or adjustment examinations in accordance with law.
Paying wages to employees is one of the most basic obligations of the employer. However in principle, forms of wage payment as well as payroll calculation methods in several cases still often confuse enterprises.
Entrustment of export and import of goods usually causes disputes between the mandator and mandatory. Enterprises need to pay attention when entering into contracts, selecting partners and other matters to best protect their own rights and benefits.
In addition to direct transactions with customers, enterprises should consider other intermediate forms of trade to save time and cost and to increase their business presence in the market.
According to provisions of law, a software or computer program is a genre of work entitled to copyright protection, which may be used as an asset to contribute capital to a business or as a means of payment for shares purchased by enterprises.
Organizations and individuals when creating an electronic commerce website should give heed to its forms, the responsibility to register/notify competent state agencies, as well as the obligation to protect personal information of customers, etc.
Enterprises should pay heed to the authority of Branch Head and Head of Representative Office in signing a number of contracts such as labor and commercial contracts, as well as their capacity to participate in legal proceedings when disputes arise.
VietNamNet Bridge - Depending on specific characteristics of each manufacturing sector, there are different provisions of laws. Below are several notable issues regarding active manufacturing enterprises.
When entering into contracts, changing the legal representative of the company or participating in transactions and other activities, enterprises should ascertain the competence of Board of Director and General Meeting of Shareholder.
In case where the contents of a contract include an agreement on requesting both Commercial Arbitration and Court to be the dispute settlement bodies, enterprises may refer to Resolution No. 01/2014/NQ-HĐTP.
To prevent administrative fines resulting from incorrect and inadequate compliance with provisions of laws, PLF suggests that newly established enterprises should give heed to the following matters: